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Overnight Futures Fail To Ramp As Algos Focus On New York's First Ever Ebola Case

Tyler Durden's picture




 

And just like that, the Ebola panic is back front and center, because after one week of the west African pandemic gradually disappearing from front page coverage and dropping out of sight and out of mind, suddenly Ebola has struck at global ground zero. While the consequences are unpredictable at this point, and a "follow through" infection will only set the fear level back to orange, we applaud whichever central bank has been buying futures (and the USDJPY) because they clearly are betting that despite the first ever case of Ebola in New York, that this will not result in a surge in Ebola scare stories, which as we showed a few days ago, may well have been the primary catalyst for the market freakout in the past month.

For those who missed events last night, a doctor in New York City who recently returned from treating Ebola patients in Guinea has become the first person in New York City to test positive for the virus. Officials told a press conference at Bellevue hospital that they were monitoring 4 people with whom Spencer had contact. His fiancée and two friends had been quarantined, while the fourth person, a taxi driver, was not considered to be at risk

So with Ebola roaring back, many are wondering if the same fears that sent the market turmoiling in late September and early October will also return, most prominently global commodity deflation, slamming the EMs.  In this regard, commodity markets remain relatively tentative nonetheless, WTI crude futures trade in the red in a continuation of recent losses, with BofA seeing downside risks to WTI oil prices over the next three months. In terms of metal specific news, China’s copper production rose to a record high in September of 715,000 tonnes, an increase of 5% M/M and analysts at Goldman Sachs say that iron ore prices should remain supported in the short term, adding there is no obvious catalyst that would drive prices outside the recent range.

In other market news, Asian equities traded mostly higher, albeit off their best levels following notable weakness observed across US equity futures after confirmation that a patient who was being tested for Ebola in NYC tested positive for the disease. Nikkei 225 (+1%) shrugged off the negative sentiment seen across US futures with the index supported by yesterday’s movements in USD/JPY, positive Wall Street close and the WSJ report of potential further BoJ easing.

European equities opened in a sea of red as participants remained cautious regarding the overnight confirmation of the first Ebola case in NY which subsequently weighed on US equity futures. This sentiment proceeded to weigh on travel and leisure related names with consumer staples the underperforming sector in Europe, while a negative pre-market report for BASF (after they cut their 2015 EBITDA forecast) has also weighed on chemical names. The now traditional surge in the USDJPY at Europe open, as a result of central bank stabilization, managed to push US equity futures somewhat higher and well off their overnight lows.

The only thing on the US docket today is New Home Sales at 10:00 am.

Bulletin Headline Summary from Bloomberg and RanSquawk

  • European equities trade in the red amid renewed concerns over Ebola after the first case in NY was confirmed overnight.
  • GBP outperformed FX markets in European trade following the UK GDP release confirming the longest uninterrupted run of growth in three years, although GBP/USD has since pared these gains heading into the NA open.
  • Looking ahead, today sees the release of US new home sales as well as a host of sovereign debt ratings including Germany, Italy, Spain, Russia and Austria all due for release.
  • Treasuries gain, paring week’s decline, as equity-index futures fall after New York City doctor tests positive for Ebola, first case in most populous U.S. city.
  • The doctor is being treated in an isolation unit at Bellevue Hospital Center in Manhattan; officials are monitoring those who were with him as he traveled on the subway, went bowling and had close contact with several people
  • U.K. GDP rose 0.7% in 3Q vs 0.9% in 2Q, matching median estimate in Bloomberg survey; slowdown comes as BoE policy makers become more concerned about threats from the weakness in the euro area, Britain’s biggest trading partner
  • Britain’s decades-long battle over the EU budget flared up again with Prime Minister Cameron resisting a call for the U.K. to pay more to finance the EU’s institutions in Brussels
  • The U.K. Independence Party will test its ability to win over voters from across the political spectrum next week when it seeks to seize control of a police authority in the opposition Labour Party’s political heartland
  • At noon in Frankfurt on Sunday, ECB plans to release results of its stress tests of currency bloc’s 130 biggest banks
  • After two previous tests run by European Banking Authority didn’t reveal problems at lenders that later failed, the ECB has staked its reputation on getting the exercise right
  • Denmark won’t back a proposal to split Europe’s biggest banks as the region’s first country to enforce bail-in rules questions the value of more regulation
  • China’s new-home prices fell in all but one city monitored by the government last month as the easing of property curbs failed to stem a market downturn amid tight credit.
  • Sovereign yields mostly lower. Asian stocks mixed, with Nikkei higher, Shanghai lower; European stock, U.S. equity- index futures fall. Brent crude falls 1.1%;  copper gains, gold little changed

US Event Calendar

  • 10:00am: New Home Sales, Sept., est. 470k (prior 504k)
  • New Home Sales m/m, Sept., est. -6.8% (prior 18%

ASIA

JGBs traded up 12 ticks at 146.47 underpinned by spill-over buying in USTs on the US Ebola reports. Prices were further supported by the BoJ offering to buy JPY 1.05trl of government debt incl. JPY 400bln in 5-10yr maturities. Asian equities traded mostly higher, albeit off their best levels following notable weakness observed across US equity futures after confirmation that a patient who was being tested for Ebola in NYC tested positive for the disease. Nikkei 225 (+1%) shrugged off the negative sentiment seen across US futures with the index supported by yesterday’s movements in USD/JPY, positive Wall Street close and the WSJ report of potential further BoJ easing.

FIXED INCOME & EQUITIES

European equities opened in a sea of red as participants remained cautious regarding the overnight confirmation of the first Ebola case in NY which subsequently weighed on US equity futures. This sentiment proceeded to weigh on travel and leisure related names with consumer staples the underperforming sector in Europe, while a negative pre-market report for BASF (after they cut their 2015 EBITDA forecast) has also weighed on chemical names.

Nonetheless, the periphery has provided some light at the end of the tunnel for European stocks with the FTSE MIB the notable outperformer following Italian press reporting that Banca Monte dei Paschi would not sell stock to fill any potential capital shortfall. However, an Italian Banks Association Official said it will not be simple to interpret results of ECB stress tests and they could lead to market volatility. Elsewhere in Europe, equities still remain in the red, which has subsequently supported fixed income products, albeit amid particularly light volumes (173k in the Bund).

In terms of major US stocks news, focus will be on Microsoft and Amazon after their after-market updates, with Microsoft seen higher after-market and Amazon lower. Attention will also turn towards Pfizer after they authorized a new USD 11bln share buyback program.

FX

In FX markets, GBP/USD was the notable outperformer following the UK advanced Q3 GDP release, which came in-line with expectations (Q/Q 0.7% vs. Exp. 0.7%) but provided some relief to those who had been looking for a lower reading, in line with the recent slew of weak UK data. The ONS also said the release marked the longest uninterrupted run of growth in three years, which subsequently saw GBP/USD break above yesterday’s highs of 1.6060 after tripping stops, although has since pared some of these gains. The RUB has continued to weaken in European trade ahead of the S&P’s rating announcement for the country and following RBS’ forecast yesterday that the sovereign would be cut to junk.

COMMODITIES

Commodity markets remain relatively tentative with all attention now turning towards how the US will react to the confirmation of the overnight news of the first case of Ebola in New York. Nonetheless, WTI crude futures trade in the red in a continuation of recent losses, with BofA seeing downside risks to WTI oil prices over the next three months. In terms of metal specific news, China’s copper production rose to a record high in September of 715,000 tonnes, an increase of 5% M/M and analysts at Goldman Sachs say that iron ore prices should remain supported in the short term, adding there is no obvious catalyst that would drive prices outside the recent range.

* * *

DB's Jim Reid concludes the overnight recap

The gyrations of markets are much easier to fathom these days and after a week of a spectacular recovery in risk we thought it would be interesting to start with the latest flow numbers in HY which came out overnight. Overall it seem HY fund flows at the moment are following the (expected) future growth as US funds saw inflows whilst Western European funds suffered another week of outflows. Per EPFR’s data, the US HY mutual funds saw their strongest week since mid-August with $2bn of inflows. This came after outflows last week of $863m. The picture in Western European funds was far less positive, as they experienced $432m of outflows, the 4th week of negative numbers in row. It will be interesting to see whether yesterday’s PMI’s have any impact on these patterns.

Indeed trading over the last 24 hours has been dominated by the flash PMIs. The day began with the Japanese and Chinese manufacturing PMI’s both coming in ahead of expectation at 52.8 and 50.4 respectively. The bigger market moving numbers though came from the European and US releases later in the day. Whilst the European numbers began disappointingly with a much weaker than expected 47.3 French manufacturing PMI, the stronger than expected 51.8 German manufacturing equivalent managed to turn sentiment around. This was followed by the Eurozone manufacturing PMI which also came in ahead of expectation at 50.7 (49.9 expected). Later in the day the weaker than expected US manufacturing PMI read of 56.2 (vs 57 expected) did not harm sentiment.

At the end of today’s PDF we include our PMI vs equity table again which we’ve now updated for the new European and Asian reads. As we discussed yesterday we generally view this analysis as a guide rather than anything more serious. The main developments given yesterday’s data and market moves are in the European market where Germany has gone from looking relatively ‚fair value? to now being roughly 8% ‚undervalued? thanks to yesterday’s stronger PMI. On the flip side, France has gone from being about 2% ‚undervalued? to now being around 4% overvalued.

Markets reacted very positively to these PMI developments. In Europe the Stoxx 600 rallied +0.7% whilst the Euro Stoxx was up 1.2%. The credit reaction was slightly more muted as iTraxx Main and Xover both tightened by -1bp. US markets were also strong with the S&P500 ending the day up +1.3% whilst in credit CDX IG and HY tightened by -2bps and -10bps respectively. Govvies struggled in the risk-on environment - the Germany and US 10Y rose +3bps and +6bps respectively.

Also helping markets yesterday were relatively upbeat results with Caterpillar a big focus. DB’s Alan Ruskin had an interesting comment yesterday on their Q3 results. He wrote how, "for those looking at Caterpillar’s Q3 results and drawing positive things about the global economy, the actual detail showed a world distinctly lacking in balance, with N.America doing all the ‘heavy lifting’ while China’s and Latam’s comparisons are notably weak.? He pointed out a number of comments in Caterpillar’s Q3 Earnings Release including their statement that they, "expect the Chinese construction machine industry to remain challenged in the near future," on the one hand whilst on the other they noted how, "sales decreases in Asia/Pacific and Latin America were about offset by increases in North America." These comments chime in well with the IMF’s last global economic forecasts, which also stressed the role of the US in lifting global growth rates going forward. No pressure then.

Headlines this morning are dominated by the news that overnight a doctor in New York has tested positive for Ebola, the first diagnosed case in the city. S&P futures are trading -0.5% lower as we go to print on the back of this and Asian markets are generally mixed with bourses in Hong Kong, China and Korea moving -0.3%, +0.2% and -0.5% respectively whilst the Nikkei (up +0.8%) is the standout performer on the back of a 0.7% weakening of USDJPY yesterday during European and US trading times . Sentiment hasn’t been helped as China reported disappointing house price data as average prices declined 1.0% relative to August marking a fifth consecutive monthly drop. Meanwhile in Korea, Q3 GDP came in line versus expectations at 0.9% QoQ.

Looking to the day ahead, in Europe we have the November GfK consumer confidence read (expected in at 8), UK advanced Q3 GDP (expected in at +0.7% QoQ) and Italian September wage growth data. Over in the US we have September new home sales (expected in at -6.8% MoM).

Importantly, banks will find out the results of the AQR tests today with the results made public at noon on Sunday. Earlier in the week we had reports from Spanish news source Efe that eleven banks across five nations had supposedly failed the tests including Erste Bank, Banco Popolare and Dexia. However this has been quickly downplayed with a Reuters article quoting an Erste Bank spokesman as saying "Out of the supervisory dialogue we have no indication we won’t pass". The article also quotes positive comments from senior Cypriot and Spanish officials over confidence that their respective domestic banks should fare well through the tests whilst a further article mentions that the German Bank most at risk of failing, HSH Nordbank, is set to meet the requirements. This will dominate the headlines before Monday morning but don't be surprised to see more leaks today ahead of this.

 

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Fri, 10/24/2014 - 06:47 | 5371402 Dungholio
Dungholio's picture

Shut down the markets!!!  Before it's too late!!!

Fri, 10/24/2014 - 06:47 | 5371404 Headbanger
Headbanger's picture

Shut down the planet!!

And Mars too just to be sure!

Fri, 10/24/2014 - 06:51 | 5371409 Dungholio
Dungholio's picture

Require all males to shave their balls!

Fri, 10/24/2014 - 07:06 | 5371424 Sudden Debt
Sudden Debt's picture

I'm In!

LET'S DO THIS PEOPLE!!!

TEAMWORK!!!

 

Fri, 10/24/2014 - 07:08 | 5371431 MeMadMax
MeMadMax's picture

I'll take one for the team!

 

>_>

Fri, 10/24/2014 - 07:31 | 5371455 GetZeeGold
GetZeeGold's picture

 

 

 

Move the NYSE to Liberia....it's the only PC move to make at this juncture.

 

It's 3:00 O'Clock in the morning.....get Flounder on the phone.

 

Let's grant amnesty to any illegal aliens and invoke Sharia Law.....come on....let's make this thing happen.

Fri, 10/24/2014 - 07:35 | 5371487 kaiserhoff
kaiserhoff's picture

Naw, just show Ebola what Queens looks like.

That much ugly will scare the shit out of anything.

Fri, 10/24/2014 - 07:26 | 5371465 Divided States ...
Divided States of America's picture

Ebola confirmed in the financial capital of the world, one of the largest cities of the world = 40pts down on dow futures

Some nobody ecb official making lies = 200 pts surge

Honestly, we can have world war three or world war z and tptb will br morr worried about closing the markets in the green to give the sheeps the perception that everything is fine.

Fri, 10/24/2014 - 11:00 | 5372266 disabledvet
disabledvet's picture

Complacency, greed, corruption, fear of truth period.

Until there is an actual outbreak no one will care.  If people start to fear for their collective existence however they will start to take matters into their own hands.

Fri, 10/24/2014 - 07:27 | 5371469 tc06rtw
tc06rtw's picture

Why only  MALES ?

       — SEXIST ! —

 

Fri, 10/24/2014 - 07:36 | 5371491 kaiserhoff
kaiserhoff's picture

Because women don't have balls?

Fri, 10/24/2014 - 07:40 | 5371505 LULZBank
LULZBank's picture

Are you nuts?

Fri, 10/24/2014 - 07:07 | 5371425 Hobo Sapien
Hobo Sapien's picture

Two guys watching a dog licking his balls...

guy #1: "I wish I could do that."

guy #2: "I dunno, I'd pet him first; he can be pretty mean."

Fri, 10/24/2014 - 06:48 | 5371405 Bumbu Sauce
Bumbu Sauce's picture

All is well!

Fri, 10/24/2014 - 06:53 | 5371412 Whoa Dammit
Whoa Dammit's picture

As those with private jets leave the City.

Fri, 10/24/2014 - 07:35 | 5371483 GetZeeGold
GetZeeGold's picture

 

 

Heads up for the snowplows.

Fri, 10/24/2014 - 08:53 | 5371663 MsCreant
MsCreant's picture

Putin on the hits?

Fri, 10/24/2014 - 06:53 | 5371411 wattsnotsaid
wattsnotsaid's picture

Off topic but interesting analysis of the fed's response to the crisis in 2007/2008

http://conversableeconomist.blogspot.com/2014/09/what-was-federal-reserv...

Serious things were happening with CDOs etc in 2007 but they were caought offguard when TSHTF in 2008.

It was different this time. If you keep looking in the same places, you'll miss what happens elsewhere.

Fri, 10/24/2014 - 07:11 | 5371437 permafrost
permafrost's picture

Also off topic: Greece and Italy are expected to bail out Germany: http://www.bbc.co.uk/news/business-29751124

We may have Ebola in NY, but I'm glad we don't have what the Europeans are infected with.

Fri, 10/24/2014 - 07:21 | 5371452 Ghordius
Ghordius's picture

LOL. excellent article, thanks for the link. LOL again. Note how "Backbencher" Redford - that's the same guy that threatens British Biz to utter even one pro-EU word, "or else" - suddently remembers that the Westminster Parliament is perfectly capable of making a law that goes against EU law, and so spoils all his usual stupid and populist talk about the EU

seriously, Britain has to BriXit. it has become unbearable

Fri, 10/24/2014 - 07:34 | 5371481 overmedicatedun...
overmedicatedundersexed's picture

wattsnotsaid: blog you posted to, has some good data, like if you let third world move to 1st world countries we could eliminate poverty world wide vs foreign aid which is useless..I think he is locked in an ivory tower and is very smart but completely nuts.

Fri, 10/24/2014 - 06:57 | 5371416 nmewn
nmewn's picture

Quick Robin, to the Ebola Mobile, Gotham is counting on us!

Fri, 10/24/2014 - 07:07 | 5371426 jubber
jubber's picture
Overnight Futures Fail To Ramp As Algos Focus On New York's First Ever Ebola Case

 

well the Dow rallied over 100 points since the positive news broke....& the S&P rose 13

 

Fri, 10/24/2014 - 07:10 | 5371427 Ghordius
Ghordius's picture

"Britain’s decades-long battle over the EU budget flared up again with Prime Minister Cameron resisting a call for the U.K. to pay more to finance the EU’s institutions in Brussels"

As a reminder, the "Iron Lady" aka Maggie Tatcher banged her fearsome bag loooong time ago on the summit table and asked for a rebate. Good old practice she learnt from her shop-keeper dad. But Cameron is no Tatcher, and has not understood how much he is going on continental nerves. Add in the fact that Barroso was the most Anglophile candidate ever for EU Commission presidency, and that he is exiting...

...exiting is such a good word. Exit, Albion. BriXit

Fri, 10/24/2014 - 07:21 | 5371451 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

A "Brexit" will ultimately harm the British more than it will harm continental Europe. The choice is indeed theirs to make.

Fri, 10/24/2014 - 07:24 | 5371456 Ghordius
Ghordius's picture

or, as the FT lampooned in a late cartoon, "it will decide to stay in the EU and hate it", which is both hilarious and very, very British at the same time

Fri, 10/24/2014 - 07:34 | 5371486 LULZBank
LULZBank's picture

I dont think Britain will exit, they will just make a fuss and keep the folks focused on EU while City of London sweeps the floor.

Fri, 10/24/2014 - 07:12 | 5371429 AdvancingTime
AdvancingTime's picture

It could be the market has become unstable and people have been looking for any reason to attach to its actions.

Fri, 10/24/2014 - 07:09 | 5371433 JustObserving
JustObserving's picture

If you can make the patients disappear, you have solved the problem.  What ever happened to Nina Pham's boyfriend who worked at Alcon and was in isolation?  No word about his condition at all:

A doctor has exclusively revealed to Infowars that health authorities are covering up Ebola cases in the United States and disappearing patients in an effort to avoid hysteria.

James Lawrenzi, DO, who has two clinics in Garden City and Archie, Missouri, appeared on the Alex Jones Show today to warn that the true scale of the situation was being deliberately downplayed. It is important to note that none of these potential Ebola outbreaks occurred at the clinics in which Lawrenzi works.

Lawrenzi said that shortly after the arrival of patient zero – Thomas Eric Duncan – in the United States, he was told by a doctor at Truman Lakewood Medical Center in Kansas City they had taken in a possible Ebola patient who had a high fever and was bleeding out of all his orifices having recently returned from West Africa.

The following day, Lawrenzi was told by the doctor that the patient had “disappeared” against medical advice, but that he wouldn’t have been able to leave on his own given his medical condition.

The day after the patient disappeared, a meeting was called for anyone who had contact with the patient. Doctors and other medical workers were told that the patient had malaria. Lawrenzi also revealed that drug reps from within the area warned over additional possible Ebola cases in the area.

A second possible Ebola patient was then admitted to Research Medical Center in Kansas City the following day but also quickly “disappeared,” with hospital bosses claiming he had typhoid, according to Lawrenzi.

“These patients are disappearing, they’re doing something with the patients and God knows where they’re going,” said the doctor.

http://www.infowars.com/medical-professional-health-authorities-covering...

Fri, 10/24/2014 - 07:40 | 5371502 valley chick
valley chick's picture

No doubt.  The lamestream media has also been sanitizing news stories so much that when they get done the story does not make any sense. Must keep the masses calm till after the election.

Fri, 10/24/2014 - 11:08 | 5372327 disabledvet
disabledvet's picture

That's how they make their but.  Every line is scripted to make sure they're the ones riding with Dr Evil on the Big Boy when Microbial Horde finally makes contact with the general population.

Fri, 10/24/2014 - 08:36 | 5371613 lakecity55
lakecity55's picture

"....As former president Obola remains in a jail cell today, Patriotic US Forces uncovered a huge crematorium. Medics at the site reported Obola may have ordered the Obola patients removed to this giant crematorium in Kansas. The huge piles of ash behind me may represent more than several million of Obola's Victims before the new US Armed Forces overthrew him last month."

Fri, 10/24/2014 - 07:15 | 5371439 valley chick
valley chick's picture

Either this doctor is an arrogant prick or there is more to this story. For a doctor to instill fear to a city over this nonsense when he knows better raises yet more questions. Sure as shit I would not want him as my doctor for minimum he lacks common sense.

Fri, 10/24/2014 - 07:17 | 5371445 Winston Churchill
Winston Churchill's picture

Most doctors are arrogant pricks that think they are Dog.

Especially American ones.

Fri, 10/24/2014 - 07:46 | 5371510 LULZBank
LULZBank's picture

Right up there with public school teachers, who've got their own kids in Day Cares and claim to know whats best for your kid.

Fri, 10/24/2014 - 07:42 | 5371506 stant
stant's picture

He is most likely working on a book.

Fri, 10/24/2014 - 07:16 | 5371441 wmbz
wmbz's picture

So the Doc was out bowling the night before, wonder if he licked his ball for good luck?

Fri, 10/24/2014 - 07:19 | 5371448 Dungholio
Dungholio's picture

Thankfully your hands never sweat when bowling and no one shares bowling balls let alone uses more than one.

Fri, 10/24/2014 - 07:26 | 5371468 i_call_you_my_base
i_call_you_my_base's picture

Or shoes.

Fri, 10/24/2014 - 07:39 | 5371498 Seize Mars
Seize Mars's picture

With fake epidemics, I don't fake roll on fake shabbos.

Fri, 10/24/2014 - 08:16 | 5371558 homiegot
homiegot's picture

Thank god the NY Times is there to quell the fear:

http://well.blogs.nytimes.com/2014/10/23/can-you-get-ebola-from-a-bowlin...

Fri, 10/24/2014 - 08:31 | 5371595 lakecity55
lakecity55's picture

Says the Tribe who owns/runs the NYT.

Fri, 10/24/2014 - 07:30 | 5371442 valley chick
valley chick's picture

Dup

Fri, 10/24/2014 - 07:17 | 5371443 Dungholio
Dungholio's picture

Ebola Without Borders!!!

 

It's only fair...

Fri, 10/24/2014 - 07:29 | 5371474 LULZBank
LULZBank's picture

God help the brother who sneezes at the airport!

Fri, 10/24/2014 - 07:36 | 5371489 GetZeeGold
GetZeeGold's picture

 

 

Weird ceremony at the Denver airport last night.....not sure what that was about.

Fri, 10/24/2014 - 07:50 | 5371519 LULZBank
LULZBank's picture

We scared some folks...

Fri, 10/24/2014 - 08:05 | 5371536 LULZBank
LULZBank's picture

Whats wrong with these people?

.gov prank?

Fri, 10/24/2014 - 08:09 | 5371540 Bumbu Sauce
Bumbu Sauce's picture

The Denver International Airport is an efficient facility.  And it is very weird.  The blue horse of the the apocolypse, the murals(now gone), the layout of the runways, the underground facilities, the masonic symbolism, etc.  

 

And what the heck is the New World Airport Commission?

Fri, 10/24/2014 - 08:13 | 5371551 overmedicatedun...
overmedicatedundersexed's picture

in memoriam to fallen ZH posters: trav, mickyv,francis you glorius bastard,add to the list as you see fit and depending on how long you have been on ZH...hint it's a long list.

Fri, 10/24/2014 - 07:21 | 5371450 ben_bernanke
ben_bernanke's picture

Failed to ramp is the best you got? Looks like the market is already poised to buy the ebola dip, because everyone is kicking themselves for not doing so last week. It probably won't work out for them in the long run, but today they might just step in and buy it up.

Fri, 10/24/2014 - 07:23 | 5371458 blown income
blown income's picture

It's all bullshit fraud street . Economy ,government.

It would be great for the cards to collapse just fucking collapse

 

When the dust settles you know then "it's real"...

 

 

Fri, 10/24/2014 - 07:26 | 5371466 GOSPLAN HERO
GOSPLAN HERO's picture

Comrade President Obola wants to impose martial law.

 

A crisis is a terrible thing to waste.

Fri, 10/24/2014 - 07:36 | 5371493 Seize Mars
Seize Mars's picture

Fraud market meets fake epidemic.
LOL.

Fri, 10/24/2014 - 07:39 | 5371499 Not Goldman Sachs
Not Goldman Sachs's picture

BTFD. Think about all those Ebola profits. Long healthcare, clorax, police state,  media, etc. No end to the good news.

Fri, 10/24/2014 - 07:40 | 5371501 Dungholio
Dungholio's picture

Disease Diversity - Because you asked for it!

Fri, 10/24/2014 - 07:44 | 5371508 LULZBank
LULZBank's picture

I think they were right when they said the economy is fragile. A sick doctor in NY fails to ramp the market in the morning.

Investors from the rest of the world are searching through their Finance text books where it discusses the effects f a sick doctor in NY on the market.

Fri, 10/24/2014 - 07:44 | 5371509 Slowdrip
Slowdrip's picture

PPT smelling that 17k Dow, up 200 again today, close out for the weekend....

Fri, 10/24/2014 - 07:45 | 5371513 Seize Mars
Seize Mars's picture

BTW you know they just had to throw Uber on there for good measure. The state fuckin hates Uber.
Fake epidemics are so hard to trade on fake markets!

Fri, 10/24/2014 - 08:07 | 5371539 homiegot
homiegot's picture

It's pretty cool how patients fake the copius amounts of blood, shit, and vomit that pour from every orfice. Great special effects.

Fri, 10/24/2014 - 07:59 | 5371526 Eyeroller
Eyeroller's picture

Drudge giving a link to Infowars story that patients with ebola symptoms in Kansas City coming in when Duncan was in the Dallas hospital have disappeared.  

Fox had footage of NY Police who entered the doctors house THROWING AWAY THEIR HAZMAT GEAR INTO A PUBLIC TRASH CAN.

No way can the lamestream media minimize/ignore this crisis before the election. EXPONENTIAL GROWTH, you idiots.

 

Fri, 10/24/2014 - 08:05 | 5371534 homiegot
homiegot's picture

Buy food, have water, have guns and ammo and anything else you need to hunker down. When this thing gets going you'll want to stay put.  A 'self-quarantine' you might say.

Fri, 10/24/2014 - 08:00 | 5371527 Notsobadwlad
Notsobadwlad's picture

"Overnight Futures Fail To Ramp As Algos Focus On New York's First Ever Ebola Case"

Is ZH now getting its headlines from Reuters?

Observe the behavior and then make something up to explain it? Obviously the Algos are NOT concentrating on the first Ebola case and the future price has nothing to do with the Algos. I lose respect for ZH daily... almost not readable anymore.

Fri, 10/24/2014 - 09:20 | 5371762 MsCreant
MsCreant's picture

You can lead a horse to a link, but can you make him read it? ZH has noted a correlation before, not causation. 

http://www.zerohedge.com/news/2014-10-22/it-all-about-ebola-after-all

Make your own decisions, but those charts are damn interesting. What is the spurious relationship here if it is not causation?

Fri, 10/24/2014 - 09:22 | 5371763 MsCreant
MsCreant's picture

?

Fri, 10/24/2014 - 08:00 | 5371528 SheepDog-One
SheepDog-One's picture

It's cold and flu season....1 guy in NYC has a fever....time for stawks to panic!
Oh my gosh.

Fri, 10/24/2014 - 08:03 | 5371531 homiegot
homiegot's picture

If Ebola can make it there, it'll make it anywhere. It's up to you, New York, New York.

Fri, 10/24/2014 - 09:22 | 5371772 MsCreant
MsCreant's picture

Start spreading the spews...

I'm heaving today...

Fri, 10/24/2014 - 08:07 | 5371535 Silverhog
Silverhog's picture

Algos can't catch Ebola. Market will ramp up even after we are all dead. 

Fri, 10/24/2014 - 08:22 | 5371574 Ness.
Ness.'s picture

Almost green.  SSDD.  Algos > Ebola.  It's Friday, and we ALL know what happens on Friday.

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